Pt Indofarma Persero Tbk (JKSE:INAF) plans to raise $20 million by selling 20% stake in PT Indofarma Global Medica via a private placement, said Corporate Secretary Yasser Arafat. The proceeds will be used to strengthen capital, he said, adding that a Malaysian conglomerate involved in agribusiness and pharmaceutical distribution has expressed an interest in buying the shares. The deal is expected to be finalized before the end of this year.